| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Sep 28, 2023 6:03 |
| Status | New |
| Announcement Sub Title | Appointment of Ms Mariel von Schumann as Independent Director |
| Announcement Reference | SG230928OTHR6NZ2 |
| Submitted By (Co./ Ind. Name) | Kem Huey Lee Sharon |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Ms Mariel von Schumann ("Ms von Schumann") as (i) a non-executive and independent director of Seatrium Limited, (ii) a member of the Corporate Social Responsibility Committee ("CSRC") and (iii) a member of the Transformation Committee ("TC") (collectively the "Appointments"). |
| Additional Details | |
| Date Of Appointment | 01/10/2023 |
| Name Of Person | Mariel von Schumann |
| Age | 52 |
| Country Of Principal Residence | Germany |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Nomination and Remuneration Committee ("NRC") considered Ms von Schumann's skillsets, experience and independence, and determined that she was suitable for the Appointments and would be able to contribute to the Board. The Board, having considered the NRC's recommendations, approved the proposed Appointments. |
| Whether appointment is executive, and if so, the area of responsibility | The appointment is non-executive. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent director, CSRC member and TC member. |
| Professional qualifications | - BA Economics and Management, ICHEC Brussels Management School - Master in Economics and International Management, ESCP Business School - Certificate in Sustainability Business Management, University of Cambridge |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | Siemens AG, Munich - Head of Investor Relations (2009 to 2013) - Head of Transformation and Top Executive Management (including Chief of Staff) (2014 to 2020) |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8). | |
| Past (for the last 5 years) | - Member of the Supervisory Board, Siemens Gamesa - Member of the Supervisory Board, Siemens India |
| Present | - Senior Advisor and Member of the Supervisory Board, Agora Strategy Group - Chairwoman of the Supervisory Board, Verti Versicherung AG |
| (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment against him? | No |
| (d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? | No |
| (e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? | No |
| (g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Any prior experience as a director of an issuer listed on the Exchange? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | Ms von Schumann does not have prior experience in being a director of an issuer listed on the Exchange, and has undertaken to attend the mandatory training as prescribed by the Listing Manual within one year from her appointment to the Board. |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | N.A. |